February 2015

Oct 18, 2011

Lawmakers’ reluctance to simply eliminate a subsidy without adding another in its place demonstrates how difficult it is for Washington to trim the federal largess that flows to any powerful interest group.

Meanwhile, an employee of the National Association of Realtors says the mortgage interest deduction of up to $1 million on first and second homes sustains "the foundation for a very stable, democratic country."

Seven-figure vacation houses are essential to the fabric of democracy? Time to modify this rule, if not end it outright.

TrackBack

Comments

You can follow this conversation by subscribing to the comment feed for this post.

Corporate welfare at its finest and yet there are still those who resist the Occupy Movement that has won the approval of 77% of the population-- how can so many be entrenched and indebted to carry the water for so few?